RE:RE:RE:I was excited about today's NR, then I read itHere is an earlier clip that I posted:
Canopy is laying the basis for legalization. And legalization nationwide is far away still,
by way the US is not the centre of the Universe when it comes to MJ, Europe is.
Link AgriNextusa also said today that it will have exclusive rights in Pennsylvania to sell Charlotte’s Web Hemp Oil, a medicinal hemp extract.
Several Charlotte’s Web products have a low amount of the psycho-active ingredient in cannabis, tetrahydrocannabinol or THC, so they are considered hemp, not marijuana.
Along with the rights to Charlotte’s Web, AgriNextusa will be able to research and develop its own line of products containing hemp oil.
WebSwinger wrote: I don’t know why you say this has anything to do with charlottes web but I hope you’re right. Also, could you please tell me what PA stands for.
investor1964 wrote: Hi Catch - I’m on my mobile and not savvy enough to copy and paste but if you go to reddit you can see what I posted on r/weedstocks regarding this. By buying this company Canopy has bought the exclusive rights in PA to research and produce a line of products with Charlottes Web. Now that’s huge!
catchascatchcan wrote: It's all well and good, but I'm not surprised that it didn't bump the share price for two reasons. We can only assume that it's a very low dollar transaction value (immaterial), and we cannot tell what the value of this company is, as scarcely any information can be found on it on the web. It appears to me that we effectively picked up what they feel to be a quality player in the space. Beyond that, I'm not sure there's any substance unfortunately. Not saying it's a bad news story, but it truly is a non-event that's well dressed up given the NR. That said, I'm always happy to read that we are taking steps (even small steps) to ensure success in the US. Still waiting for that 'big' news event though. My guess is though that there aren't a lot of large 'properties' to buy up in the US which is a bit of a challenge. There just aren't many big operators as it's so fragmented. That's of course the opportunity, to become that player, but also a challenge when shopping for accretive acquisitions. Much of the money may well go to more organic investments such as the hemp build-out in NY. My thoughts for the day. GLTA